Investor Day 2018 Opening a new chapter for Elior Group

Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in the catering and support services industry, is hosting today an Investor Day at its head office in Paris, France. Chief Executive Officer Philippe Guillemot, together with the executive team, will present the Elior Group 2021 plan, setting the Group’s ambitions for the next three years.

Philippe Guillemot, Elior Group’s Chief Executive Officer, declared: “Elior Group operates in industries with strong fundamentals. It has solid positions and strong assets in contract catering, services and concession catering, in all the geographies where we operate. This is the result of our history, one of continuous successes, rapid growth and constant innovation. Throughout the Group, employees are committed and proud to fulfill their mission. Lately the Group had lost its recipe for success. However, today with Elior Group 2021 we are turning the page and opening a new chapter. Over the next three years we will consolidate our existing competitive positions while focusing on expanding our fast-growing businesses, particularly in the USA where we see substantial opportunities ahead. Three years is long enough to make a lasting impact and modify our trajectory. Three years is short enough to keep our teams focused and motivated. We now have the right organization and team. We are implementing the right processes to enhance our performance and achieve our objectives. We will strive to significantly increase free cash flow generation, a paramount priority, and we will allocate resources with discipline. Elior Group 2021 is the result of a collective work; it has been built by and with the teams. The roadmap we will present today is both ambitious and deliverable.”